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2020 was the first year of CECL adoption for many public financial institutions. With the first few quarters of reporting behind us, what are some major takeaways that will make a 2023 adoption of CECL less stressful for Credit Unions.
Learning Objectives:
Understand the impacts of economic forecasting under CECL compared to an incurred loss approach.
Identify data and process flexibility that will help manage risk in a volatile market.
Understand how qualitative factors are being integrated into methodologies and best practice considerations to avoid layering of risk.
